The difficulty that I am having is when it comes to larger items, such as New HVAC and knowing how much to put away given its useful life when a property is acquired, Painting a property, new roofs (along with determining its useful life), redo of blacktop for parking lots (especially older properties).....these larger capital expenditure items are a lot more difficult to determine in my opinion aside from putting money away for unforeseen maintenance items or vacancy. 

In my opinion those guru programs give you some info but u will really learn the most when u get started.

@David De LunaI don’t think we have enough info to give you an opinion!

Not exactly sure if they are going to meet every detail you're looking for here, but in my opinion they do provide the most comprehensive market data out there.

View report*This link comes directly from our calculators, based on information input by the member who posted.Im looking to house hack this and rent out the other 5 rooms or use a couple rooms for ai...

I have been bad with velocity of money in my opinion (too lazy to do it well).

I think it's important to have a business plan. i havent started my investing yet so take my opinion with a grain of salt but the more I think about it the more complicated it seems. really what im trying to do is just buy multi family properties at some kind of discount. add value by renovations or by purchasing in a down market. then fix it up to my companies standards and get them rented out one unit at a time. some of the things ive been thinking about include financing. how will i finance deals after the first 4 or so when the banks stop lending traditionally. also how much do I need in resurves to cover everything from fees to extra holding costs to a major cap expenditure. i want my business to have a plan so i will succeed no matter what. so i think its important to think about those types of concerns regardless of what type of investing you're doing and factor those in to your plan. im excited to save money for the first deal im only at 3k so far.

Hey guys, looking for opinions!

I was looking for opinions on whether or not i should back out of this potential investment.

If you know your town/city and actively analyze the competition, then you are in a far better position to know what the market rate is, in my opinion.